Abbreviated Company Accounts - S & G FASTENERS LIMITED

S & G FASTENERS LIMITED - Company Information

Registered Number 05578281

S & G FASTENERS LIMITED

Abbreviated Accounts

31 October 2013

S & G FASTENERS LIMITED Registered Number 05578281

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	183	275
		183	275
Current assets
Stocks		-	2,500
Debtors		42,148	44,726
Cash at bank and in hand		18,695	45,564
		60,843	92,790
Creditors: amounts falling due within one year		(60,749)	(71,352)
Net current assets (liabilities)		94	21,438
Total assets less current liabilities		277	21,713
Total net assets (liabilities)		277	21,713
Capital and reserves
Called up share capital		100	100
Profit and loss account		177	21,613
Shareholders' funds		277	21,713

For the year ending 31 October 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 July 2014

And signed on their behalf by:
G Axford, Director
D Axford, Director

S & G FASTENERS LIMITED Registered Number 05578281

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 November 2012	367
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	367
Depreciation
At 1 November 2012	92
Charge for the year	92
On disposals	-
At 31 October 2013	184
Net book values
At 31 October 2013	183
At 31 October 2012	275